Charles
I would take any excuse to NOT talk about the Bears.....
I think any event that casts the dirts in a negative context hurts all the dirts to some extent. At this specific point in time, the general public is much more willing to give the dirts the negative benefit of the doubt, IMO. So, that extent, yes, I think it hurts Naxos a little
The reality of the situation is, that I dont think being delisted is going to have that much of a negative effect on IPM in the long run.
Their needs are still the same, raise Cash, prove up the property, and develop a recovery technique. If they can accomplish that it wont matter what exchange they are on trading on. If they cant, it still doesnt matter what exchange they are trading on.
Ultimately, all the dirts will succeed or fail on their merits or lack thereof. In the short term, I think that their fates are inextricably
linked.
Mark |
